Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Capstone Investment Advisors, LLC has $40.39 billion in total holdings as of December 31, 2024.
Capstone Investment Advisors, LLC owns shares of 964 different stocks, but just 21 companies or ETFs make up 80% of its holdings.
Approximately 12.32% of the portfolio was purchased this quarter.
About 20.13% of the portfolio was sold this quarter.
This quarter, Capstone Investment Advisors, LLC has purchased 701 new stocks and bought additional shares in 136 stocks.
Capstone Investment Advisors, LLC sold shares of 368 stocks and completely divested from 123 stocks this quarter.

Largest Holdings

SPDR S&P 500 ETF Trust: $12,311,196,308
NVIDIA: $3,766,608,940
Tesla: $3,253,728,483
Amazon.com: $2,052,702,132
Microsoft: $2,015,944,036

Largest New Holdings this Quarter

464288281 - iShares J.P. Morgan USD Emerging Markets Bond ETF: $51,033,620 Holding
343412102 - Fluor: $43,875,328 Holding
013872106 - Alcoa: $28,312,160 Holding
594972AN1 - MICROSTRATEGY INC: $25,818,000 Holding
82846H405 - QXO INC: $21,540,000 Holding

Largest Purchases this Quarter

SPDR S&P 500 ETF Trust: 3,190,944 shares (about $1.97B)
Apple: 4,036,776 shares (about $828.23M)
Advanced Micro Devices: 3,126,906 shares (about $443.71M)
iShares MSCI Emerging Markets ETF: 1,934,855 shares (about $93.34M)
Citigroup: 1,094,166 shares (about $93.14M)

Largest Sales this Quarter

Amazon.com: 5,176,788 shares (about $1.14B)
Invesco QQQ: 1,520,073 shares (about $838.53M)
Microsoft: 1,437,204 shares (about $714.88M)
iShares iBoxx $ High Yield Corporate Bond ETF: 3,687,300 shares (about $297.38M)
Alphabet: 1,581,993 shares (about $278.79M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SPY SPDR S&P 500 ETF Trust	$12,311,196,308	$1,971,524,750 ▲	19.1%	19,925,866	30.5%	Finance
NVDA NVIDIA	$3,766,608,940	$88,698,272 ▼	-2.3%	23,840,806	9.3%	Computer and Technology
TSLA Tesla	$3,253,728,483	$165,835,038 ▼	-4.8%	10,242,802	8.1%	Auto/Tires/Trucks
AMZN Amazon.com	$2,052,702,132	$1,135,735,519 ▼	-35.6%	9,356,407	5.1%	Retail/Wholesale
MSFT Microsoft	$2,015,944,036	$714,879,642 ▼	-26.2%	4,052,882	5.0%	Computer and Technology
AAPL Apple	$1,864,730,631	$828,225,332 ▲	79.9%	9,088,710	4.6%	Computer and Technology
QQQ Invesco QQQ	$1,178,011,222	$838,533,069 ▼	-41.6%	2,135,471	2.9%	Finance
GOOGL Alphabet	$1,087,139,960	$278,794,626 ▼	-20.4%	6,168,870	2.7%	Computer and Technology
AMD Advanced Micro Devices	$935,054,165	$443,707,961 ▲	90.3%	6,589,529	2.3%	Computer and Technology
IWM iShares Russell 2000 ETF	$691,992,998	$1,167,640 ▲	0.2%	3,206,789	1.7%	Finance
IVV iShares Core S&P 500 ETF	$595,592,116	$1,893,124 ▲	0.3%	959,240	1.5%	ETF
GLD SPDR Gold Shares	$523,119,068	$79,475,887 ▼	-13.2%	1,716,101	1.3%	Finance
EEM iShares MSCI Emerging Markets ETF	$473,694,803	$93,337,405 ▲	24.5%	9,819,544	1.2%	Finance
GOOG Alphabet	$375,806,924	$191,640,094 ▼	-33.8%	2,118,535	0.9%	Computer and Technology
META Meta Platforms	$298,854,855	$83,938,547 ▼	-21.9%	404,903	0.7%	Computer and Technology
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$210,053,006	$297,380,745 ▼	-58.6%	2,604,501	0.5%	ETF
AVGO Broadcom	$180,018,746	$249,447,263 ▼	-58.1%	653,070	0.4%	Computer and Technology
BRK.B Berkshire Hathaway	$168,678,289	$61,582,520 ▼	-26.7%	347,239	0.4%	Finance
ISHARES BITCOIN TRUST ETF	$136,137,161	$61,479,936 ▲	82.3%	2,224,100	0.3%	SHS BEN INT
ZSCALER INC	$136,125,500	$10,235,000 ▼	-7.0%	66,500,000	0.3%	NOTE 0.125% 7/0
FXI iShares China Large-Cap ETF	$131,712,183	$2,777,953 ▼	-2.1%	3,583,030	0.3%	ETF
NOVA LTD	$131,526,168	$55,260,000 ▼	-29.6%	35,702,000	0.3%	NOTE10/1
XLF Financial Select Sector SPDR Fund	$131,043,094	$70,114,527 ▼	-34.9%	2,502,255	0.3%	ETF
C Citigroup	$129,493,482	$93,135,410 ▲	256.2%	1,521,305	0.3%	Financial Services
XOP SPDR S&P Oil & Gas Exploration & Production ETF	$117,588,153	$63,878,346 ▼	-35.2%	934,723	0.3%	ETF
VOO Vanguard S&P 500 ETF	$115,181,715	$1,711,474 ▼	-1.5%	202,774	0.3%	ETF
JPM JPMorgan Chase & Co.	$111,615,640	$96,774,277 ▼	-46.4%	385,001	0.3%	Finance
AZEK AZEK	$103,265,000	$88,916,600 ▲	619.7%	1,900,000	0.3%	Construction
VARONIS SYS INC	$102,275,135		0.0%	61,779,000	0.3%	NOTE 1.250% 8/1
FYBR Frontier Communications Parent	$96,460,000	$42,406,000 ▲	78.5%	2,650,000	0.2%	Computer and Technology
CLOUDFLARE INC	$84,629,096	$11,848,500 ▲	16.3%	71,426,000	0.2%	NOTE8/1
DEXCOM INC	$80,240,384	$41,310,262 ▲	106.1%	81,483,000	0.2%	NOTE 0.250%11/1
INNOVIVA INC	$79,918,469	$8,587,274 ▲	12.0%	67,929,000	0.2%	NOTE 2.500% 8/1
DIGITALOCEAN HLDGS INC	$79,884,334	$30,648,261 ▲	62.2%	85,326,000	0.2%	NOTE12/0
GDX VanEck Gold Miners ETF	$76,007,600	$162,437,612 ▼	-68.1%	1,460,000	0.2%	ETF
LLY Eli Lilly and Company	$75,914,529	$28,556,522 ▼	-27.3%	97,385	0.2%	Medical
V Visa	$72,467,835	$28,543,890 ▼	-28.3%	204,106	0.2%	Business Services
NFLX Netflix	$71,887,177	$48,961,271 ▼	-40.5%	53,682	0.2%	Consumer Discretionary
K Kellanova	$68,733,484	$43,498,615 ▲	172.4%	864,246	0.2%	Consumer Discretionary
AIRBNB INC	$67,829,699	$2,416,242 ▲	3.7%	70,181,000	0.2%	NOTE3/1
INTERDIGITAL INC	$65,680,780		0.0%	22,532,000	0.2%	NOTE 3.500% 6/0
IONIS PHARMACEUTICALS INC	$65,452,355	$14,107,492 ▲	27.5%	64,949,000	0.2%	NOTE4/0
COST Costco Wholesale	$65,230,116	$38,938,300 ▼	-37.4%	65,893	0.2%	Retail/Wholesale
MA Mastercard	$63,305,913	$19,149,791 ▼	-23.2%	112,656	0.2%	Business Services
PALANTIR TECHNOLOGIES INC	$61,689,980	$87,715,376 ▼	-58.7%	452,538	0.2%	CL A
XLE Energy Select Sector SPDR Fund	$60,656,960	$38,536,816 ▼	-38.9%	715,210	0.2%	ETF
ABBV AbbVie	$60,102,271	$31,808,771 ▼	-34.6%	323,792	0.1%	Medical
CAT Caterpillar	$59,814,232	$31,716,757 ▲	112.9%	154,077	0.1%	Industrials
UNH UnitedHealth Group	$59,570,360	$7,454,523 ▲	14.3%	190,949	0.1%	Medical
CRM Salesforce	$56,527,274	$16,400,122 ▼	-22.5%	207,295	0.1%	Computer and Technology
BAC Bank of America	$54,924,608	$52,058,388 ▼	-48.7%	1,160,706	0.1%	Finance
CNX RES CORP	$52,863,468		0.0%	20,104,000	0.1%	NOTE 2.250% 5/0
SPOTIFY USA INC	$52,350,300	$12,897,900 ▲	32.7%	34,500,000	0.1%	NOTE3/1
SHIFT4 PMTS INC	$52,146,218	$6,337,500 ▼	-10.8%	41,141,000	0.1%	NOTE12/1
ORCL Oracle	$51,859,036	$48,353,523 ▼	-48.3%	237,200	0.1%	Computer and Technology
XME SPDR S&P Metals & Mining ETF	$51,668,855	$3,366,378 ▼	-6.1%	768,653	0.1%	ETF
WFC Wells Fargo & Company	$51,261,577	$20,027,917 ▼	-28.1%	639,810	0.1%	Finance
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF	$51,033,620	$51,033,620 ▲	New Holding	551,000	0.1%	ETF
MCD McDonald's	$49,883,061	$1,042,170 ▼	-2.0%	170,733	0.1%	Retail/Wholesale
WMT Walmart	$49,585,802	$101,436,189 ▼	-67.2%	507,116	0.1%	Retail/Wholesale
GS The Goldman Sachs Group	$48,451,857	$1,457,965 ▼	-2.9%	68,459	0.1%	Finance
CINEMARK HLDGS INC	$48,074,612	$8,752,219 ▲	22.3%	22,658,000	0.1%	NOTE 4.500% 8/1
GXO GXO Logistics	$46,904,188	$13,065,139 ▲	38.6%	963,125	0.1%	Transportation
HD Home Depot	$46,114,146	$34,063,422 ▼	-42.5%	125,775	0.1%	Retail/Wholesale
ENCORE CAP GROUP INC	$45,153,239	$6,827,236 ▲	17.8%	42,989,000	0.1%	NOTE 3.250%10/0
MU Micron Technology	$45,038,508	$48,702,854 ▼	-52.0%	365,424	0.1%	Computer and Technology
FLR Fluor	$43,875,328	$43,875,328 ▲	New Holding	855,770	0.1%	Construction
AKAMAI TECHNOLOGIES INC	$43,858,198		0.0%	45,110,000	0.1%	NOTE 0.375% 9/0
IBM International Business Machines	$43,147,243	$62,808,184 ▼	-59.3%	146,371	0.1%	Computer and Technology
XOM Exxon Mobil	$42,952,048	$16,923,307 ▼	-28.3%	398,442	0.1%	Energy
PERMIAN RES OPER LLC	$42,617,744		0.0%	17,607,000	0.1%	NOTE 3.250% 4/0
TMUS T-Mobile US	$42,388,122	$930,882 ▲	2.2%	177,907	0.1%	Computer and Technology
BA Boeing	$41,985,412	$17,030,389 ▼	-28.9%	200,379	0.1%	Aerospace
JNJ Johnson & Johnson	$41,181,095	$34,934,231 ▼	-45.9%	269,598	0.1%	Medical
EFA iShares MSCI EAFE ETF	$40,915,323	$25,608,179 ▲	167.3%	457,717	0.1%	Finance
DIS Walt Disney	$40,864,643	$34,256,646 ▼	-45.6%	329,527	0.1%	Consumer Discretionary
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$40,798,925	$28,211,641 ▼	-40.9%	372,219	0.1%	Finance
DAYFORCE INC	$40,755,182	$8,578,257 ▲	26.7%	42,146,000	0.1%	NOTE 0.250% 3/1
SLB Schlumberger	$40,619,589	$15,459,545 ▲	61.4%	1,201,763	0.1%	Energy
INTC Intel	$40,423,891	$15,957,043 ▼	-28.3%	1,804,638	0.1%	Computer and Technology
ALARM COM HLDGS INC	$40,372,800	$23,870,925 ▲	144.7%	41,408,000	0.1%	NOTE1/1
XERIS BIOPHARMA HOLDINGS INC	$39,197,396	$3,693,124 ▲	10.4%	23,074,000	0.1%	NOTE 8.000% 7/1
TSM Taiwan Semiconductor Manufacturing	$38,581,439	$14,404,764 ▼	-27.2%	170,345	0.1%	Computer and Technology
KNX Knight-Swift Transportation	$35,294,965	$35,090,799 ▲	17,187.4%	797,987	0.1%	Transportation
UBER TECHNOLOGIES INC	$34,887,087	$10,563,039 ▲	43.4%	24,371,000	0.1%	NOTE 0.875%12/0
CSCO Cisco Systems	$34,614,584	$19,374,920 ▼	-35.9%	498,913	0.1%	Computer and Technology
TS Tenaris	$34,465,858	$13,862,946 ▲	67.3%	921,547	0.1%	Industrials
AKAMAI TECHNOLOGIES INC	$34,254,000		0.0%	36,000,000	0.1%	NOTE 1.125% 2/1
MS Morgan Stanley	$33,951,204	$40,111,857 ▼	-54.2%	241,028	0.1%	Finance
PM Philip Morris International	$33,730,112	$19,798,078 ▼	-37.0%	185,198	0.1%	Consumer Staples
KO CocaCola	$33,621,320	$25,345,480 ▼	-43.0%	475,213	0.1%	Consumer Staples
ACN Accenture	$33,165,731	$3,765,117 ▼	-10.2%	110,963	0.1%	Computer and Technology
LINDE PLC	$33,090,796	$7,962,454 ▼	-19.4%	70,529	0.1%	SHS
CHEFS WHSE INC	$31,532,200	$9,678,200 ▲	44.3%	20,200,000	0.1%	NOTE 2.375%12/1
MRK Merck & Co., Inc.	$31,425,728	$3,517,554 ▼	-10.1%	396,990	0.1%	Medical
XLB Materials Select Sector SPDR Fund	$31,216,455	$51,606,991 ▼	-62.3%	355,500	0.1%	ETF
PFE Pfizer	$30,306,860	$1,017,935 ▼	-3.2%	1,250,283	0.1%	Medical
SCHW Charles Schwab	$30,115,587	$51,935,177 ▼	-63.3%	330,070	0.1%	Finance
ADBE Adobe	$29,845,471	$29,553,377 ▼	-49.8%	77,144	0.1%	Computer and Technology
TRIPADVISOR INC	$29,479,303	$10,114,125 ▲	52.2%	30,604,000	0.1%	NOTE 0.250% 4/0

Showing largest 100 holdings. View all holdings.

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofCapstone Investment Advisors, LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools